TVS Holdings Ltd on Monday announced the successful completion of its acquisition of an 80.74 per cent equity stake in Home Credit India Finance (Home Credit India) for Rs 554 crore. The remaining 19.26 per cent of the...
Paytm Cloud acquires 25% stake in US-based Seven Technology
Paytm Cloud has approved a Rs 8.7 crore ($1 million) investment in Seven Technology. The company will acquire a 25% stake in Seven, parent One 97 Communications said in a filing to the exchanges. Paytm Cloud is a wholly...
RBI files application for insolvency proceedings against Aviom India Housing Finance
The Reserve Bank of India (RBI) has initiated insolvency proceedings against fraud-hit Aviom India Housing Finance, appointing a three-member advisory committee to assist former Punjab National Bank chief general...
Delhi HC refuses to stay Burman family’s open offer to buy an additional 26% stake in Religare
The Delhi High Court has refused to stay the Burman family’s open offer to buy an additional 26% stake in Religare Enterprises (REL) from public shareholders. The court has also refused to stay REL’s annual general...
RBI dissolves Aviom Housing board, to initiate IBC process
The Reserve Bank of India (RBI) announced on Monday it superseded the board of Aviom India Housing Finance due to governance issues and defaults in meeting various payment obligations. The RBI also announced its...
Delisting Reliance Cap one of last milestones towards acquisition: Hinduja
IndusInd International Holdings Ltd (IIHL) Chairman Ashok P Hinduja said the delisting of Reliance Capital is one of the last milestones towards the closure of the acquisition of the debt-ridden financial firm...
Bain matches CC Capital’s offer for Australia’s Insignia Financial at $1.92 bln
Insignia Financial’s shares hit a three-year high on Thursday, driven by a revised takeover offer of A$3.07 billion ($1.92 billion) from U.S.-based Bain Capital, matching the bid of rival CC Capital Partners and...
Consumer lender Ally Financial to sell credit card business to CardWorks
Consumer lender Ally Financial has agreed to sell its credit card business to credit and payments firm CardWorks, the companies said on Wednesday. Shares of Ally jumped 8.6% in premarket trading. The sale comes as Ally...
Burmans’ Religare open offer to acquire additional 26% stake to start on Jan 27
Burmans’ Religare Enterprises’ open offer to acquire an additional 26 per cent stake from the open market would commence on January 27 following the regulatory approvals. Last month, the Reserve Bank...
Uruguay’s DLocal CEO Eyes Acquisition, Denies Fintech Is On Sale
Payment services provider DLocal Ltd. is analyzing whether to buy a smaller fintech rival this year after the company itself was the target of takeover proposals, Chief Executive Officer Pedro Arnt said in an interview...
Bain Capital raises bid for Australia’s Insignia to $1.8 bln, matches CC Capital
Shares of Australia’s Insignia Financial hit a more than three-year high on Monday as a bidding war escalated, with private equity firm Bain Capital raising its offer to A$2.87 billion ($1.76 billion), in line...
Paychex to buy rival Paycor in $4.1 bln deal to expand AI-driven HR products
Paychex said on Tuesday it will acquire payroll processing firm Paycor HCM for about $4.1 billion in cash, as the HR management firm looks to broaden its artificial intelligence capabilities and consolidate its market...
